Rohit had 400 preference shares and 200 ordinary shares of a company at 10 each. The annual dividend declared was 8% on preference shar

Question

Rohit had 400 preference shares and 200 ordinary shares of a company at
10 each. The annual dividend declared was 8% on preference shares and
14% on ordinary shares. Calculate the total dividend of Rohit.​

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Margaret 3 weeks 2021-10-04T01:48:16+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-10-04T01:49:31+00:00

    Annual dividend = Par value of share * Rate of dividend

    Annual dividend = Rs. 200000 * 5%

    Annual dividend = Rs. 10000

    Dividend for equity shareholder = total dividend – preference dividend

    Dividend for equity shareholder = Rs.25000 – Rs. 10000

    Dividend for equity shareholder = Rs. 15000

    Answer:

    hopefully u satisfy with this answer ☺️

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